Investment Yield Restriction Sample Clauses

Investment Yield Restriction. Except as described below, the City will not invest Gross Proceeds at a Yield greater than the Yield on the Lease:
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Investment Yield Restriction. Lease proceeds deposited in the Project Fund and used to pay costs of delivering the Lease and investment earnings on those proceeds may be invested without yield restriction for up to 3 years following the Closing Date. If any unspent proceeds remain in the Project Fund after 3 years, those amounts may continue to be invested without yield restriction so long as Lessee pays to the IRS all yield reduction payments in accordance with Regulations § 1.148-5(c). Except as previously described, Lessee will not permit nor direct the investment of Gross Proceeds at a yield greater than the yield on the Lease. Yield on an investment is computed under Regulations § 1.148-5. Lessee will file or cause to be filed with the IRS such reports or other documents as are required by the Code in accordance with an Opinion of Special Tax Counsel (as defined in Section 12). In addition to the amounts described above, Gross Proceeds not exceeding the lesser of $100,000 or 5% of the sale proceeds of the Lease may be invested without yield restriction.
Sample 1

Related to Investment Yield Restriction

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  • Distribution Restrictions The Employer must elect in Section 6.03 the Adoption Agreement the distribution events permitted under the Plan. The distribution events applicable to the Participant's Deferral Contributions Account, Qualified Nonelective Contributions Account and Qualified Matching Contributions Account must satisfy the distribution restrictions described in paragraph (m) of Section 14.03.

  • Withdrawal Restrictions We will pay checks or drafts, permit withdrawals, and make transfers from available funds in your account. The availability of funds in your account may be delayed as described in our Funds Availability Policy Disclosure. We may also pay checks or drafts, permit withdrawals, and make transfers from your account from insufficient available funds if you have established an overdraft protection plan or, if you do not have such a plan with us, in accordance with our overdraft payment policy. We may refuse to allow a withdrawal in some situations and will advise you accordingly if: (1) there is a dispute between account owners (unless a court has ordered the Credit Union to allow the withdrawal); (2) a legal garnishment or attachment is served; (3) the account secures any obligation to us; (4) required documentation has not been presented; or (5) you fail to repay a credit union loan on time. We may require you to give written notice of seven (7) to 60 days before any intended withdrawals.

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